Hercules Exercise Equipment Co purchased a computerized measuring device two years ago for $58,000. The equipment falls into the five-year category for MACRS depreciation and can currently be sold for $24,800. A new piece of equipment will cost $148,000. It also falls into the five-year category for MACRS depreciation. Assume the new equipment would provide the following stream of added cost savings for the next six years. Use Table 12-12. Use Arpendix B for an approximate answer but calculate your final answer using the formula and financial calculator methods. Cash Savings $ 62,000 54,800 52,800 58,800 47,800 36,000 Year 1 2 3 4 5 6 The firm's tax rate is 25 percent and the cost of capital is 12 percent. .. What is the book value of the old equipment? (Do not round intermediate calculations and round your answer to the nearest whole dollar.) Book value b. What is the tax loss on the sale of the old equipment? (Do not round intermediate calculations and round your answer to the nearest whole dollar) Tax loss c. What is the tax benefit from the sale? (Do not round intermediate calculations and round your answer to the nearest whole dollar.) Tax benefit